“The Event Comes After $ 300 Million Wrth of Trump Week, Unlocked Last Week, Increasing the Token’s Supple.”, – WRITE: www.coindesk.com
“Join President Donald J. Trump at His Private, Members-Only Club in Washington, DC for Dinner!” A Banner About the Event on the Project’s Website Said.
The Invite is Targeted for the 220 Largest Token Holders, Perry The Event’s Website.
Webpage for the Trump Dinner (gettrumpmemes.com)
The Token Surged Over 70% Following the News Briefly Hitting $ 16, Its Strongest Price Since Early March. Later It Retraced to Below $ 13, Still Up 43% Over The Past 24 Hours.
The Event, Notably, Comes After $ 300 Million Werth of Previoously Locked-Up Trump Tokens Were Added To Circulation on April 18, Accounting To Tokenomist Data. Some 75% of All Existing Tokens Are Still Locked Up, with The Next Unlock Coming Up in July IncreASING The Supple by Over $ 600 Million of Coins.
The Trump Token, Launched Only Days Before Donald Trump’s Presidential Inaugulation on January 20, Was Met With Industry-Wide Backlash for Capitalizing on the ATENTION ATENTION ATENTION PUBLING’S Insiders.
The Launch Also Marked the peak in special markets. Bitcoin (BTC) DECLINED Over 30% from Record Prices in the Following Weeks, While Many Smaller, More Speculatory Cryptocurrencies Suffired 80% -90% DRAWDOWNS.
Despite Today’s Rally, Trump Coin Still Trades More Than 80% Below It January 19 Record Price of $ 73.
Read More: Trump Coin’s Biggest Critics Are Crypto Industry Insiders
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